The software element of the AIS is the computer programs used to store, retrieve,

operation, and analyse the organization's business information. Before there were
computers, the AIS was the manual, paper-based method, but nowadays, most corporations
are using computer software as the foundation of these AIS. Smaller jobs might have
intuit's Quickbooks or herb's Sage 50 system, but there are others. Little to mid-sized
businesses might have sap's commerce One. Mid-sized and huge jobs might have microsoft's
mechanics GP, Sage set's MAS 90, or mama 200, oracle's PeopleSoft, or Epicor Financial
organization.

The well-designed AIS allows the business to run smoothly on a day-to-day basis while the
badly designed AIS may impede its process. The third purpose for the AIS is that, when
the business is in problem, the information in its AIS will be used to reveal the history
of what went wrong. The instances of WorldCom and Lehman Brothers give two lessons. In
2002, worldcom's internal auditors Eugene Morse and Cynthia Cooper utilized the
organization's AIS to reveal about $ 4 billion at fraudulent cost allocations and
different business entries. Their research led to the result of CFO Scott Sullivan, also
as recent legislation—section 404 of the Sarbanes-Oxley Act, which governs corporations'
internal business controls and processes.

Different investors that participated consider this meeting Group, who previously
invested at Uber and Scribd, Atlas Ventures, Benchmark assets, Integral assets Partners,
and GSV assets Corp. (Mangalindan, J., Dec. 2012)